H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 30, 2006 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions Week ended Change from week ended Wednesday at Federal Reserve Banks Mar 29, 2006 Mar 22, 2006 Mar 30, 2005 Mar 29, 2006 Reserve Bank credit 814,099 - 6,726 + 31,786 812,743 Securities held outright 758,513 + 1,272 + 40,981 758,529 U.S. Treasury1 758,513 + 1,272 + 40,981 758,529 Bills2 275,370 + 1,228 + 12,365 275,370 Notes and bonds, nominal2 457,177 0 + 24,081 457,177 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646 Inflation compensation3 3,320 + 45 + 998 3,336 Federal agency2 0 0 0 0 Repurchase agreements4 20,750 - 8,143 - 3,893 19,500 Loans to depository institutions 91 - 312 + 32 251 Primary credit 36 - 314 + 23 192 Secondary credit 0 0 0 0 Seasonal credit 55 + 3 + 9 58 Float -292 + 227 + 237 -695 Other Federal Reserve assets 35,036 + 228 - 5,572 35,158 Gold stock 11,044 0 + 3 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,651 + 14 + 106 36,651 Total factors supplying reserve funds 863,994 - 6,712 + 31,894 862,638 Currency in circulation5 787,232 - 482 + 34,196 788,785 Reverse repurchase agreements6 22,893 - 2,120 - 1,786 22,419 Foreign official and international accounts 22,893 - 2,120 - 1,786 22,419 Dealers 0 0 0 0 Treasury cash holdings 204 + 6 - 71 209 Deposits with F.R. Banks, other than reserve balances 13,684 + 159 + 42 12,903 U.S. Treasury, general account 5,400 + 258 + 808 4,619 Foreign official 85 - 87 + 2 84 Service-related 7,981 + 1 - 751 7,981 Required clearing balances 7,981 + 1 - 751 7,981 Adjustments to compensate for float 0 0 0 0 Other 219 - 12 - 16 219 Other liabilities and capital 32,895 - 175 + 5,209 32,482 Total factors, other than reserve balances, absorbing reserve funds 856,909 - 2,610 + 37,591 856,797 Reserve balances with Federal Reserve Banks 7,085 - 4,102 - 5,697 5,841 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,592,189 + 5,240 + 200,509 1,594,287 U.S. Treasury 1,127,540 + 4,435 + 42,492 1,129,854 Federal agency 464,649 + 805 + 158,017 464,433 Securities lent to dealers 925 - 702 - 2,351 1,107 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5. Estimated. 6. Cash value of agreements, which are collateralized by U.S. Treasury securities. 7. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value. Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

H.4.1 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Assets, liabilities, and capital consolidation Wednesday Wednesday Wednesday Mar 29, 2006 Mar 22, 2006 Mar 30, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 789 - 6 + 76 Securities, repurchase agreements, and loans 778,280 - 4,928 + 28,932 Securities held outright 758,529 + 1,272 + 40,993 U.S. Treasury1 758,529 + 1,272 + 40,993 Bills2 275,370 + 1,228 + 12,365 Notes and bonds, nominal2 457,177 0 + 24,081 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 Inflation compensation3 3,336 + 44 + 1,010 Federal agency2 0 0 0 Repurchase agreements4 19,500 - 6,250 - 12,250 Loans 251 + 50 + 189 Items in process of collection (960) 5,259 + 361 - 270 Bank premises 1,824 - 1 + 18 Other assets5 37,471 + 271 - 1,260 Total assets (960) 836,862 - 4,303 + 27,497 Liabilities Federal Reserve notes, net of F.R. Bank holdings 753,127 + 222 + 33,439 Reverse repurchase agreements6 22,419 - 1,732 - 1,272 Deposits (0) 22,881 - 2,599 - 8,902 Depository institutions 17,959 - 2,812 - 8,290 U.S. Treasury, general account 4,619 + 205 - 579 Foreign official 84 + 13 - 18 Other (0) 219 - 4 - 16 Deferred availability cash items (960) 5,953 - 139 - 576 Other liabilities and accrued dividends7 4,647 + 73 + 1,422 Total liabilities (960) 809,027 - 4,175 + 24,111 Capital accounts Capital paid in 13,748 + 17 + 1,189 Surplus 12,901 0 + 1,724 Other capital accounts 1,186 - 145 + 472 Total capital 27,835 - 128 + 3,386 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 6. Cash value of agreements, which are collateralized by U.S. Treasury securities. 7. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 3. Maturity Distribution of Loans and Securities, March 29, 2006 Millions of dollars U.S. Treasury Federal agency Reverse securities1 securities Repurchase Maturity Loans repurchase Weekly Weekly agreements2 Holdings Holdings agreements2 changes changes Within 15 days 251 54,045 - 451 0 0 19,500 22,419 16 days to 90 days 0 167,569 + 467 0 0 0 0 91 days to 1 year 0 186,079 + 1,216 0 0 . . . . . . Over 1 year to 5 years . . . 215,479 + 13 0 0 . . . . . . Over 5 years to 10 years . . . 55,375 + 7 0 0 . . . . . . Over 10 years . . . 79,982 + 20 0 0 . . . . . . All 251 758,529 + 1,272 0 0 19,500 22,419 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 2. Cash value of agreements classified by remaining maturity of the agreements.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on March 29, 2006 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Assets Gold certificate account 11,0 4 0 5 1 0 4,3 5 8 4 3 2 4 5 3 8 3 6 9 4 5 9 2 8 3 2 7 2 1 2 3 1 8 5 4 9 1,172 Special drawing rights certificate acct. 2,2 0 0 1 1 5 8 7 4 8 3 1 0 4 1 4 7 1 6 6 2 1 2 7 1 3 0 6 6 9 8 234 Coin 7 8 9 3 8 7 0 5 1 6 4 7 3 8 3 9 3 4 1 3 5 6 4 6 6 111 Securities, repurchase agreements, and loans 778,2 8 0 38,9 7 8 320,2 9 3 26,9 0 8 32,0 4 4 57,8 8 8 58,6 8 4 68,3 4 8 23,5 3 8 15,8 5 0 21,4 5 6 37,3 6 1 76,932 Securities held outright 758,5 2 9 38,8 0 9 300,7 8 3 26,9 0 8 32,0 4 4 57,8 8 8 58,6 8 4 68,3 0 9 23,5 3 8 15,8 4 2 21,4 5 4 37,3 5 9 76,910 U.S. Treasury1 758,5 2 9 38,8 0 9 300,7 8 3 26,9 0 8 32,0 4 4 57,8 8 8 58,6 8 4 68,3 0 9 23,5 3 8 15,8 4 2 21,4 5 4 37,3 5 9 76,910 Bills2 275,3 7 0 14,0 8 9 109,1 9 4 9,7 6 9 11,6 3 3 21,0 1 5 21,3 0 4 24,7 9 8 8,5 4 5 5,7 5 1 7,7 8 9 13,5 6 2 27,921 Notes and bonds3 483,1 6 0 24,7 2 0 191,5 9 0 17,1 4 0 20,4 1 1 36,8 7 3 37,3 8 0 43,5 1 1 14,9 9 3 10,0 9 1 13,6 6 6 23,7 9 6 48,989 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 19,5 0 0 0 19,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 2 5 1 1 6 9 1 0 0 0 0 0 3 8 0 7 1 2 22 Items in process of collection 6,2 1 8 6 3 6 3 6 3 3 4 5 5 5 4 3 9 6 8 7 7 2 6 3 3 7 7 1 5 5 4 4 0 3 3 9 1,475 Bank premises 1,8 2 4 1 1 3 2 0 6 5 5 1 5 7 1 5 3 2 3 2 2 1 0 7 0 1 1 9 9 2 2 6 0 159 Other assets5 37,4 7 1 1,2 4 5 13,9 8 2 1,6 7 7 2,1 7 7 6,5 6 2 2,5 5 6 2,6 4 4 7 2 8 6 8 9 6 9 4 1,0 0 0 3,517 Interdistrict settlement account 0 - 4,3 8 0 -25,6 5 1 + 6,6 0 1 + 5 8 3 + 6,1 4 5 + 8,7 7 2 - 3,2 1 0 + 3 3 7 - 2 2 3 + 2,3 7 4 - 4,0 5 3 +12,705 Total assets 837,8 2 2 37,2 5 5 314,4 9 5 36,1 5 3 36,1 3 6 72,2 0 1 72,3 1 5 69,4 8 7 25,4 8 9 16,8 6 6 25,5 0 3 35,6 1 9 96,304 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on March 29, 2006 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes outstanding 912,7 7 0 38,7 0 0 330,3 8 1 39,2 2 6 36,8 3 0 72,8 5 2 87,3 9 8 76,3 1 5 27,7 5 4 17,6 0 4 27,4 1 8 49,4 5 3 108,838 Less: notes held by F.R. Banks 159,6 4 3 4,8 1 1 44,8 9 4 6,8 4 7 5,5 8 9 12,8 4 5 22,1 7 4 12,8 7 1 4,0 7 5 2,5 1 0 4,2 2 5 17,1 1 7 21,686 Federal Reserve notes, net 753,1 2 7 33,8 8 9 285,4 8 7 32,3 7 9 31,2 4 1 60,0 0 7 65,2 2 5 63,4 4 4 23,6 7 9 15,0 9 5 23,1 9 3 32,3 3 6 87,152 Reverse repurchase agreements1 22,4 1 9 1,1 4 7 8,8 9 0 7 9 5 9 4 7 1,7 1 1 1,7 3 4 2,0 1 9 6 9 6 4 6 8 6 3 4 1,1 0 4 2,273 Deposits 22,8 8 1 8 1 1 10,1 1 5 6 8 7 1,1 9 6 1,7 3 3 1,9 5 7 1,4 2 5 4 8 5 3 3 6 6 1 0 9 8 9 2,536 Depository institutions 17,9 5 9 8 0 9 5,2 7 6 6 8 5 1,1 9 2 1,6 7 2 1,9 5 4 1,4 2 2 4 8 4 3 3 5 6 0 8 9 8 9 2,532 U.S. Treasury, general account 4,6 1 9 0 4,6 1 9 0 0 0 0 0 0 0 0 0 0 Foreign official 8 4 1 5 6 2 3 1 1 3 3 0 1 1 0 4 Other 2 1 9 0 1 6 4 0 1 5 0 0 0 0 0 1 0 0 Deferred availability cash items 6,9 1 3 4 9 0 7 9 1 5 8 7 4 9 3 5 7 4 8 9 3 3 7 2 1 6 0 3 4 5 5 4 9 5 0 7 1,154 Other liabilities and accrued dividends2 4,6 4 7 2 4 1 1,6 2 1 1 9 1 2 2 9 4 5 7 3 7 9 4 2 5 1 6 8 1 2 3 1 4 6 2 3 0 436 Total liabilities 809,9 8 7 36,5 7 8 306,9 0 4 34,6 4 0 34,1 0 6 64,4 8 2 70,1 8 8 67,6 8 4 25,1 8 8 16,3 6 7 25,1 3 2 35,1 6 6 93,551 Capital Capital paid in 13,7 4 8 3 2 4 3,6 7 0 7 5 0 1,0 0 0 3,9 4 6 1,0 5 0 8 7 7 1 4 5 2 4 4 1 7 8 2 1 2 1,353 Surplus 12,9 0 1 3 1 7 3,6 8 5 7 4 4 1,0 1 3 3,3 0 7 8 9 2 8 7 6 1 4 4 2 4 5 1 7 5 1 5 3 1,349 Other capital 1,1 8 6 3 7 2 3 5 1 9 1 7 4 6 5 1 8 4 4 9 1 1 1 0 1 8 8 8 52 Total liabilities and capital 837,8 2 2 37,2 5 5 314,4 9 5 36,1 5 3 36,1 3 6 72,2 0 1 72,3 1 5 69,4 8 7 25,4 8 9 16,8 6 6 25,5 0 3 35,6 1 9 96,304 Note: Components may not sum to totals because of rounding. 1. Cash value of agreements, which are collateralized by U.S. Treasury securities. 2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Mar 29, 2006 Federal Reserve notes outstanding 912,770 Less: Notes held by F.R. Banks not subject to collateralization 159,643 Federal Reserve notes to be collateralized 753,127 Collateral held against Federal Reserve notes 753,127 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 739,888 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 778,029 Less: face value of securities under reverse repurchase agreements 22,449 U.S. Treasury and agency securities eligible to be pledged 755,580 Note: Components may not sum to totals because of rounding. 1. Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.